CALL US NOW 604–259–1486
What is loan to Value? Lending money is a risky business, and lenders today look very closely at a person’s financial health before granting a loan. Lenders’ greatest concern is the loan going into default and losing their investment. To help avoid this, they look at...
One of the biggest questions we receive is “What is better, variable or fixed interest rate?” The answer really depends on you! Here are some things to look at when considering a variable or a fixed rate: Risk – variable rates follow the Bank of Canada. When...
The desire to own something new is always there however in the Vancouver market (and all throughout Canada) there are often some great older homes and condos that are renovated with lots of character. The debate on purchasing New vs Old is often a discussion with...
Canadian Real Estate Watch has a great article about Investors and the eminent rate hikes that are in order for the fall. It’s important to be prepared for rate hikes that will soon be coming our way. This article offers a strategy to be ready when they come. ...
Subject-Free Isn’t Always Hassle-Free Here is an interesting article about the growing trend in subject free offers. A well thought out offer is much more secure than an offer that is impulse driven. Make sure you know what you are buying! And give me a call to make...
Looking for opportunities to invest or do you want to buy affordable urban housing? There seems to be a new trend in Big City housing for young professionals. Check out this article from Canadian Real Estate Wealth. The big new thing is small A Canadian...
Finding good renters can be pretty challenging. But perhaps the biggest challenge is in how you advertise your suite so that it is attractive to renters that are most ideal. Here are some tips on how to rent to my #1 choice in renters, taken from Canadian Real Estate...
Question #1: What’s the best rate you can get me? Remember, if you shop for your own mortgage, you can not easily compare rates and terms of the various banks. The advantage of a mortgage broker is he/she will do a rate comparison and show you what you qualify for. A...
The most important step in determining the best mortgage for your situation is to have a personal budget in place. Begin by having a complete understanding of your expenses. And, keep in mind, buying a home comes with several associated costs, including a down...
Mistake #1: Thinking banks are the first and best place to go for a mortgage. Mortgage brokers can often beat bank rates by using different lending institutions. The biggest and most common misconception is you must go to a bank to get a mortgage. But, if you...
Short of flat out committing fraud, sometimes agents will put you in a product and not fully explain the penalties, lawyer fees, brokerage fees, etc. You’ll occasionally also get hit with appraisal and inspection fees. The only time mortgage brokers should be...
The number one question a home buyer often has is “What does the mortgage process entail?” In very simple terms, following is an outline of the process upon which you are about to embark: a. Get pre-approved: Avoid any hiccups or obstacles before you begin the...